On December 31, Taylor Corporation has an accounts receivable balance of $180,000 and an Allowance for Bad Debts balance of $500. In analyzing its individual accounts receivable. Taylor determines that accounts receivable of $100,000 are not yet past due, $50,000 are between I and 60 days past due, $20,000 are between 61 and 120 days past due, and $ 10,000 are over 120 days past due. Based on past experience, Taylor estimates that it will not collect 1/2 percent of accounts not yet due, I percent of accounts between I and 60 days past due, 3 percent of accounts between 61 and 120 days past due. and 10 percent of accounts over 120 days past due. Prepare an aging analysis to determine the amount of Taylor Corporation's estimated uncollectible accounts at the end of the year. Prepare the year-end bad debts adjustment. Show how Taylor would report its net accounts receivable on its December 31 balance sheet